Maranello, 10 April 2020 – Ferrari N.V. (“Ferrari” o la “Società”) (NYSE/MTA: RACE ) has extended the suspension of its manufacturing activity until 3 May 2020, in accordance with today’s Government announcement.All activities that can be managed by smart working will continue regularly as in the past weeks. The Company will continue to pay days… Continue reading Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020.
Author: GlobeNews Newswire
Visteon Takes Action to Address COVID-19 Impact
Company reducing operational costs in response to lower industry volumes Financial guidance withdrawn due to impact of global pandemic Company donates face shields to help protect front-line medical care givers treating COVID-19 patientsVAN BUREN TOWNSHIP, Mich., April 09, 2020 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today outlined various actions it is taking in response to the… Continue reading Visteon Takes Action to Address COVID-19 Impact
Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020
PRESS RELEASE COMMUNICATION OF RENAULT’S BOARD OF DIRECTORSAnnual General Meeting of Shareholders to take place on June 19, 2020Cancellation of the dividend for the 2019 financial year25% reduction in compensation for the Chairman and interim CEO25% reduction in Directors’ 2020 attendance feesBoulogne-Billancourt, April 9, 2020 – Renault’s Board of Directors, meeting today under the chairmanship… Continue reading Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020
Kongberg Automotive Press Release – Business Update April 3, 2020
Fri, Apr 03, 2020 07:00 CET Please find a press release with a business update attached. Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of approx. EUR 1.1 billion and approximately 11.000 employees in 19 countries, Kongsberg… Continue reading Kongberg Automotive Press Release – Business Update April 3, 2020
Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program
Maranello (Italy), 01 April 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange… Continue reading Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program
Nidec to acquire the Delta production line from Secop Austria
KYOTO, Japan, April 01, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company has signed a definitive agreement with Secop Austria GmbH (“Secop”) on March 31, 2020, by which Nidec will acquire the Delta production line from Secop (“the Transaction”) through the Company’s sub-subsidiary… Continue reading Nidec to acquire the Delta production line from Secop Austria
GROUPE RENAULT : Status on tplant closures as of March 30, 2020
COMMUNIQUÉBoulogne -Billancourt, March 30, 2020Groupe Renault informs that, due to the impact of the COVID-19 sanitary crisis, all the Group’s plants are now halted, with the exception of plants in China and South Korea, which are either back in operation or in the process of resuming production.The Group plans to restart production activities in the… Continue reading GROUPE RENAULT : Status on tplant closures as of March 30, 2020
Ferrari to resume production in Maranello and Modena as of 14 April 2020.
Maranello, 27 March 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020.All activities that can be conducted in smart working will continue to be performed as has been the case in recent weeks. The Company… Continue reading Ferrari to resume production in Maranello and Modena as of 14 April 2020.
GROUPE RENAULT: OYAK RENAULT TEMPORARILY SUSPENDS THE MANUFACTURING ACTIVITY
PRESS RELEASE Bursa, 25/03/2020OYAK RENAULT TEMPORARILY SUSPENDS THE MANUFACTURING ACTIVITYAs Oyak Renault Automobile Factories, we have been closely following developments for a long time related to the Coronavirus (Covid-19) outbreak that has affected the world.Considering the health of our employees, which is always our priority, we have implemented preventive measures and practices in line… Continue reading GROUPE RENAULT: OYAK RENAULT TEMPORARILY SUSPENDS THE MANUFACTURING ACTIVITY
WABCO and ZF Announce Expected Closing of the Merger in the Second Quarter of 2020
BERN, Switzerland and FRIEDRICHSHAFEN, Germany, March 24, 2020 (GLOBE NEWSWIRE) — WABCO Holdings Inc. (“WABCO”) (NYSE: WBC) (www.wabco-auto.com) and ZF Friedrichshafen AG (“ZF”) today announced that they have received all approvals from regulatory authorities required to close their previously announced merger, with the exception of the Chinese State Administration for Market Regulation (“SAMR”). WABCO and… Continue reading WABCO and ZF Announce Expected Closing of the Merger in the Second Quarter of 2020